Property reinsurance

Bonneau: PartnerRe will deploy property capacity strategically at 1.1

PartnerRe will present a business plan to its board later this month that will budget for a modest increase in cat capacity, which the reinsurer will deploy strategically along with its cyber capacity first to cedants where it can access other business it finds attractive, CEO Jacques Bonneau told The Insurer.

Fitch expects double-digit reinsurance rate rises for cat, cyber and D&O at 1.1

The reinsurance sector’s outlook is improving for 2022, Fitch Ratings has commented while outlining expectations of double-digit price increases for property catastrophe, cyber and D&O at 1.1.

PCS: NotPetya insured losses now $3bn+

The industry’s ultimate insured losses from the June 2017 NotPetya virus will now exceed $3bn with the majority emanating from silent - or non-affirmative - coverage, according to the independent loss adjudicator, Property Claims Services (PCS).

Merck’s $915mn NotPetya hit may infect beyond its $275mn cyber tower

One year on from what is already the largest loss in cyber liability history, insurers on US pharmaceutical firm Merck’s vast $1.75bn property tower are still waiting on a formal loss notification.

UPDATE: £2.1bn Pool Re XoL restructures with new third layer and cyber trigger

Analysis of the industry’s largest XoL retro terrorism programme, together with diagram of stack and Pool Re chain of security…

Irma takes rate discussions off the table

While the full impact of hurricanes Irma and Harvey has yet to be calculated the potential losses have dominated the discussions at the Monte Carlo Rendez-Vous.